DFX Intelligence
RIA Intelligence
Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.
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SEC-registered adviser
W•••• F•••••••• M••••••••• L••
Latest filing Mar 9, 2026
First filing on the tape Feb 29, 2012 · 8 filings
SEC status approved since Jun 3, 2022
RAUM
$133M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
99%
$131M individuals and HNW
Advisors
1
registered through the firm on IAPD
RAUM per advisor
$133M
derived; firm RAUM over IAPD count
Employees
2
1 advisory (5.B.1)
Offices
0
beyond the principal office
Private funds
0
reported on Schedule D
History
8 filings and snapshots on the tape
RAUM$133M as of Mar 9, 2026
Feb 29, 2012$57.7M then
HNW client RAUM$108M as of Mar 9, 2026
Mar 1, 2023$73.0M then
State-registered IARs (5.B.3)1 as of Mar 9, 2026
Feb 29, 20120 then
Employees (5.A)2 as of Mar 9, 2026
Mar 1, 20232 then
Private funds: no history
RAUM +5.1% over the last fiscal year+9.4% a year over threeIARs 1 to 1
Practice profile
derived from the filing of Mar 9, 2026; every figure names its basis
Archetypes, each a printed rule
- HNW wealth manager · private-client share of RAUM at least 50 percent and HNW share of private-client RAUM 50 to 90 percent
- Solo or small team · one advisor, or a wealth manager with up to three advisors and one office
- RAUM per advisor
- $133MderivedRAUM over IAPD advisors; not a book size
- Clients per advisor
- 96derivedindividual and HNW clients (5.D) over advisors
- Average HNW client
- $2.6MderivedHNW RAUM over HNW clients
- Average account
- $1.4MderivedRAUM over accounts (5.F.2.f)
- Discretionary
- 100%derivedof RAUM
- Institutional
- 0.2%derivedpensions, charities, corporations, government, insurance, banks, other advisers
- Employees per advisor
- 2.0derivedItem 5.A over advisors
- Advisors per office
- 1.0derived1 offices incl. principal (1.F.5)
- RAUM growth, one year
- +5.1%derivedbetween the last two annual amendments
- Advisor growth, one year
- +0.0%derivedItem 5.B.3 between annual amendments
- Client growth, one year
- -5.9%derived
- Compensation
- percentage of assets, fixed feesreportedItem 5.E
- Advisory activities
- financial planning, portfolio management for individualsreportedItem 5.G
- Custody
- $39.5M, 46 clientsreportedItem 9.A
- Ownership
- no PE, bank or public-company owner found on Schedule Aderived
- Advisor book size
- not public; not estimatedreported
Also answered yes on Form ADV
- buys or sells securities as principal to or from clients (8.A.2)
- has discretionary authority over which securities are bought or sold (8.C.1)
- receives research or other products from a broker-dealer, soft dollars (8.E)
- has custody of client cash or bank accounts (9.A.1.a)
- has custody of client securities (9.A.1.b)
Where the RAUM sits
Form ADV Item 5.D, latest filing
- High-net-worth individuals$108M81%
- Individuals$23.2M17%
- Corporations and businesses$1.1M0.9%
- Charitable organizations$278,0780.2%
- Individual clients
- 55reported
- HNW clients
- 41reported
- Pension plan clients
- n/areported
- Charitable clients
- 1reported
- Accounts
- 98reported
- Financial planning clients
- 1-10reported
- Wrap fee programs
- noreported
- Custody of client assets
- $39.5M for 46 clientsreported
- Compensation
- % of AUM, fixedreported
- Class basis
- private_client_share=0.99 fund_share=0.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=0.0derived
Advisors registered through the firm
1 on IAPD today, longest tenure first
| Name | Branch | Here since | In industry | Prior firms |
|---|---|---|---|---|
| D•••• N••••• W••••Certified Financial Planner | Asheville, Nc | Jul 14, 2011 | 37 y | 1 |
Advisor movement
0 left, 0 joined in 12 months
net 0 in 12 months0 left in 90 days0 joined in 90 daysdeparture rate 0.0% of current headcount0 left over 36 months
Left, latest
- A••• S•••••• K•••••• to S• F•••••••• A•••••••• L••Feb 2, 2018 · Other
Joined, latest
- D•••• N••••• W•••• from A••••••••• F•••••••• S•••••••• L••Jul 14, 2011 · Other
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
- W••••• D••••• N••••• · Managing Member/Chief Compliance Officercontrolsince 06/2011 · owns 75% or more
Related persons
Schedule D 7.A
No related person reported.
Offices
Schedule D 1.F, the 25 largest
No branch office listed.
ADV anomalies
1 against comparable advisers; where to look, not conclusions
- account count collapseChange between filings · filing Mar 9, 2026accounts (Item 5.F.2.f) moved from 312.0 to 98.0 (-69.0%) between the annual amendments of 2025-02-21 and 2026-03-09; the peer median change was +5.0% (3687 comparable advisers, 1.0th percentile of changes)peers: independent wealth managers, $100M to $500M (3,687) · 1.0% percentile
What changed
consecutive filings, newest first
- Accounts · 312 to 98Feb 21, 2025 to Mar 9, 2026
- HNW clients · 40 to 41Feb 21, 2025 to Mar 9, 2026
- Individual clients · 62 to 55Feb 21, 2025 to Mar 9, 2026
- Assets in custody · $28.1M to $39.5MFeb 21, 2025 to Mar 9, 2026
- Discretionary RAUM · $126M to $133MFeb 21, 2025 to Mar 9, 2026
- HNW RAUM · $99.3M to $108MFeb 21, 2025 to Mar 9, 2026
- Individual RAUM · $25.7M to $23.2MFeb 21, 2025 to Mar 9, 2026
- RAUM · $126M to $133MFeb 21, 2025 to Mar 9, 2026
- Accounts · 310 to 312Feb 27, 2024 to Feb 21, 2025
- HNW clients · 32 to 40Feb 27, 2024 to Feb 21, 2025
- Individual clients · 72 to 62Feb 27, 2024 to Feb 21, 2025
- Assets in custody · $32.3M to $28.1MFeb 27, 2024 to Feb 21, 2025
- Financial planning clients · 1-10 to 1-10Feb 27, 2024 to Feb 21, 2025
- Discretionary RAUM · $116M to $126MFeb 27, 2024 to Feb 21, 2025
- HNW RAUM · $81.3M to $99.3MFeb 27, 2024 to Feb 21, 2025
- Individual RAUM · $33.1M to $25.7MFeb 27, 2024 to Feb 21, 2025
- RAUM · $116M to $126MFeb 27, 2024 to Feb 21, 2025
- Accounts · 306 to 310Mar 1, 2023 to Feb 27, 2024
- Individual clients · 71 to 72Mar 1, 2023 to Feb 27, 2024
- Assets in custody · $34.2M to $32.3MMar 1, 2023 to Feb 27, 2024
- Discretionary RAUM · $101M to $116MMar 1, 2023 to Feb 27, 2024
- HNW RAUM · $73.0M to $81.3MMar 1, 2023 to Feb 27, 2024
- Individual RAUM · $27.2M to $33.1MMar 1, 2023 to Feb 27, 2024
- RAUM · $101M to $116MMar 1, 2023 to Feb 27, 2024
- Accounts · 302 to 306May 4, 2022 to Mar 1, 2023
- Corporate clients · 2 to 1May 4, 2022 to Mar 1, 2023
- HNW clients · 31 to 32May 4, 2022 to Mar 1, 2023
- Individual clients · 72 to 71May 4, 2022 to Mar 1, 2023
- Assets in custody · $40.8M to $34.2MMay 4, 2022 to Mar 1, 2023
- Financial planning clients · 11-25 to 1-10May 4, 2022 to Mar 1, 2023
- Discretionary RAUM · $117M to $101MMay 4, 2022 to Mar 1, 2023
- HNW RAUM · $82.0M to $73.0MMay 4, 2022 to Mar 1, 2023
- Individual RAUM · $33.9M to $27.2MMay 4, 2022 to Mar 1, 2023
- RAUM · $117M to $101MMay 4, 2022 to Mar 1, 2023
- Accounts · 124 to 302May 11, 2012 to May 4, 2022
- Advisory employees · unset to 1.0May 11, 2012 to May 4, 2022
- Charity clients · unset to 1.0May 11, 2012 to May 4, 2022
- Corporate clients · unset to 2.0May 11, 2012 to May 4, 2022
- HNW clients · unset to 31.0May 11, 2012 to May 4, 2022
- Individual clients · unset to 72.0May 11, 2012 to May 4, 2022
Signals
1 dated events
- W•••• F•••••••• M••••••••• L•• filed its initial SEC registration (Form ADV)May 4, 2022 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
No identifier-backed link to the venture, private equity, family office or sponsor graphs.
How to reach
public business contact points only, each with its source
- Business email
- service@wellsfm.comreportedpublished by the firm, firm site, Sep 16, 2026
- Business email
- terri@wellsfm.comreportedpublished by the firm, firm site, Sep 16, 2026
- Business phone
- 888-286-2889reportedpublished by the firm, firm site, Sep 16, 2026
- Business phone
- 828-252-2253reportedpublished by the firm, firm site, Sep 16, 2026
- Business phone
- 828-252-4144reportedpublished by the firm, firm site, Sep 16, 2026
- Firm profile
- linkedin.com/company/Wells-Financial-Managementreportedpublic record, Form ADV, Sep 18, 2026
- Website
- H•••••••••reportedpublic record, Form ADV, Sep 18, 2026
- Principal office phone
- 828-252-4144reportedpublic record, Form ADV, Mar 9, 2026
- Contact form
- wellsfm.com/contactreportedpublished by the firm, firm site, Sep 16, 2026
- Team page
- wellsfm.com/our-teamreportedpublished by the firm, firm site, Sep 16, 2026
Provenance
- Form ADV
- SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
- Advisors
- IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
- Class
- Independent wealth managerderiveda rule over Items 5.D and 7.A
- RAUM per advisor
- $133Mderivedfirm RAUM over the IAPD count; not a book size
- Loaded
- Sep 14, 2026